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Top Ten Things You
Should Know About Leasing Machine Tools
Leasing provides 100%
financing
Most
leases simply require first and last payments paid in advance and a
small documentation fee. No security deposits or up-front money is
required.
Leasing preserves
credit lines
Credit
lines with banks and other depository institutions are precious and hard
to establish. EFSI will take care of the financing for your capital
equipment so that your lines of credit remain free.
Leasing increases
purchasing power
Your
needs may be for a $150,000 machine but your available cash/credit falls
short. Don’t settle for a smaller piece of machinery that doesn’t meet
your needs. EFSI can increase your purchasing power by allowing you to
finance the needed equipment for the job.
Leasing balances
usage and cost
Leasing
makes sense when the equipment you use creates a return that exceeds its
cost. In other words, leasing allows you to set a fixed monthly payment
for the use of equipment that creates an anticipated return exceeding
that payment. That way you are certain that your operation is
profitable and the equipment serves its purpose.
Leasing provides
fixed rate financing
Leasing
is not subject to market fluctuations and interest rate increases. You
can negotiate the monthly payments up front and secure a fixed rate for
the life of the lease. This makes it much easier to project cash flow
and budgets for planning purposes.
Leasing conserves
working capital
Keep your
hard-earned cash on hand or invested. Enterprise Financial Solutions,
Inc. enables you to enjoy the working capital your company receives
since it covers all costs associated with capital equipment purchases.
Leasing is convenient
Unlike
dealing with bank loans and other alternative types of financing,
leasing is an easy and convenient process. Typically, all we require is
a one-page application for any request up to $50,000. Any request above
that amount will require some financial disclosure.
Leasing is
tax-advantaged
When
structured properly, a lease agreement may allow you to receive tax
benefits. Similarly, any tax benefit received from the ownership of the
equipment by EFSI is passed on to the lessee through competitive rates
and lower fees.
Leasing provides
flexible payments
Lease
payments can be structured to meet your needs. This adjustment is
possible by correcting the residual value of the equipment due at lease
end. By changing your end of lease balloon payment from $10,000 to
$25,000 for example, you can lower your monthly payment significantly.
Leasing provides
options
Leasing provides flexible end of lease options. Equipment at the end of
the lease term can returned, extended or purchased.
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